FX reserves exist for a reason: to stabilize currencies, absorb external shocks, pay foreign debts. Stablecoins are doing something similar - but outside central banks, outside correspondent banking, outside legacy rails. The BIS confirmed it: cross-border stablecoin flows have grown substantially since 2022, sharpest in high-inflation and capital-restricted markets.

fxUSD is now the #46# largest stablecoin in crypto. $54M+ supply. Backed by ETH and BTC. Redeemable anytime onchain. Sustainable yield powered by real protocol activity. No banks. No opaque balance sheets. No off switch. The trustless dollar is becoming real again.

The fxUSD Agentic vault on Base (Morpho), curated by 9Summits, is sunsetting. Deposits are now halted. If you have an active fxUSD loan against any of the vault's active markets (VVV, cbBTC, wstETH, VIRTUAL), please repay your debt as rate could increase. Depositors can withdraw once positions are closed. Thanks to everyone who used the vault.